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Dec 27, 2012
12/12
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obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr. president, the house, we hear this so often, is controlled by the reap warnings and we acknowledge that. i would be most happy to move forward on something that senator mcconnell said they wouldn't filibuster over here that he would support and that boehner would support, if it were reasonable, but right now we haven't heard anything. i don't know, and it's none of my business, i guess, although i am very serious, if the speaker and the majority leader, the republican leader over here are even talking. i mean, what's going on here? mr. president, you can't legislate with y
obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr....
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Dec 26, 2012
12/12
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we elected to you lead, not to follow the hard left or hard right. govern from the middle and lead. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> a huge storm spanning frlgts midwest to the east coast is dumping plenty of snow and rain across the nation. dr. greg postell from the weather channel has more on exactly what's going on. over to you. >> thanks, the snow storm is beginning to wind down
we elected to you lead, not to follow the hard left or hard right. govern from the middle and lead. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq,...
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Dec 27, 2012
12/12
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we really need our elected officials to figure this out. come up with a reasonable compromise that keeps our economy growing and gives us some certain about the future so we can make our plans as business leaders. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> fiscal cliff fears pushing stocks lower but we're well off those lows right now and news that the house will reconvene on sunday evening at 6:30 p.m. eastern time. let's get to seemor, modi with more on this. >> hi, mandy, off of our lows, but today a risk-off approach to trading. that's a strategy being used as wall street is waiting by for the latest on the fiscal cliff negotiations. interestingly enough when you look at the year-
we really need our elected officials to figure this out. come up with a reasonable compromise that keeps our economy growing and gives us some certain about the future so we can make our plans as business leaders. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and...
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Dec 24, 2012
12/12
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it is just -- we talk about elected leaders to make decisions, to build confidence. not just for the individual consumer but for corporations. i mean, my gosh. this is why we elected people. we should not be in this situation. >> no leadership. from an executive standpoint, how are you going to deal with that? there is a story out there today that it is too late for employers to withhold the proper amount of income taxes for 2012 levels because the irs hasn't released the 2013 table. so as an employer, what are you going to do in terms of taking income taxes out of your employee's paychecks. >> we're not changing the level -- >> you're sticking to 2012 levels? >> we are. i'm hopeful there will be some decision bit end of the year. but if anything it is small decision, bigger decisions will have to be made in 2013. that's again what is so disappointing. by the way, there is also this issue with supplemental appropriations going through with superstorm sandy. $64 bill worthion worth of aid. after ska trina this was approved by the house. we are looking for this before
it is just -- we talk about elected leaders to make decisions, to build confidence. not just for the individual consumer but for corporations. i mean, my gosh. this is why we elected people. we should not be in this situation. >> no leadership. from an executive standpoint, how are you going to deal with that? there is a story out there today that it is too late for employers to withhold the proper amount of income taxes for 2012 levels because the irs hasn't released the 2013 table. so...
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Dec 26, 2012
12/12
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the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the markets can lift but right now the view is for a nothing market from here till year end. once the seasonal increases go away, we could have tax increases rand spending cuts if we get a deal. why is that going on a headwind for the stock market? >> i think it will be. if the taxes go up, i think that's something that hurts consumer confidence. you've seen the retail sales in the last part of this season here, have sold off, and many people have said it's because of the fiscal cliff. >> kind of depressing when you say it's a nothing market between now and the end of 2013. how do you make money, if you want to see it's going to be a -- >> he knows rhyme going to say buy apple. it's up 20%, up 50% and some off a little bit. if it sells off, you'll have nice dividend stocks like ant anti--sizer, the subplatform of all of the smartphones. >> there's way to m
the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the markets can lift but right now the view is for a nothing market from here till year end. once the seasonal increases go away, we could have tax increases rand spending cuts if we get a deal. why is that going on a headwind for the stock market? >> i think...
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Dec 31, 2012
12/12
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and right after the election, i really was hopeful that members of congress would be able to come together and work out these hard issues. we're not there yet, but the fight's not over in that these debt problems are still there facing us. we'll have to go back to january and get into entitlement reform. the job is not close to finished. whatever debt deal they pass today, they agree they come back as quickly as possible and work out these challenges. because the economy will not grow in any meaningful way until we add the stability and certainty of tackling challenges. >> with all due respect, did upg the 112th congress was going to come together on a grand bargaining? >> i was hopeful. leadership starts at the top. i haven't seen much leadership in this town. one thing that happens at the end of the day is we go crashing through this debt ceiling which to me represents the real issue, the real fundamental challenge is we're running $1.3 trillion deficits, been doing that for two or three or four years. these taxes will not change the problem. the real issue we've got is a trillion dollar
and right after the election, i really was hopeful that members of congress would be able to come together and work out these hard issues. we're not there yet, but the fight's not over in that these debt problems are still there facing us. we'll have to go back to january and get into entitlement reform. the job is not close to finished. whatever debt deal they pass today, they agree they come back as quickly as possible and work out these challenges. because the economy will not grow in any...
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Dec 26, 2012
12/12
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FBC
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italian elections coming up in february, german elections not far behind that, has to be seen whether angela merkel can survive that. does that give you cause for concern? >> there is no question about that. every election that has happened in the last two or three years, the incumbent has been evicted from office. you can worry about angela merkel, our guess is she is doing other than the rest of them and will survive, there's plenty to worry about that is what makes overall the market depressed and therefore attractive. ashley: you like the auto sector and insurance, tell us a little bit about that. >> insurance kind of our chicken way of finance. we are not comfortable with the euro banks we think the insurance companies are in much better shape, they came off of catastrophic losses last year so the p/e ratios are a little higher than they appear. not as high as they appear rather. this year or next year's estimate fairly reasonable and they mentioned a four and .5% yield roughly, it is an attractive package. it is on a worldwide upturn in consumer demand is not happening fast. lik
italian elections coming up in february, german elections not far behind that, has to be seen whether angela merkel can survive that. does that give you cause for concern? >> there is no question about that. every election that has happened in the last two or three years, the incumbent has been evicted from office. you can worry about angela merkel, our guess is she is doing other than the rest of them and will survive, there's plenty to worry about that is what makes overall the market...
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Dec 28, 2012
12/12
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the s&p500 up 15% going through the european crisis and the election. the market charged forward. corporations have cash and money. the pe ratio's 13.5 # times. there's plenty of opportunity in the market, and if you sell into the down market, from time to time, you don't know what happens and when. long term holding, allocation, and diversification. if you have cash on the sidelines and you are brave, great time to invest. ashley: there's bargains out there. if we fall over the cliff, we cut the debt in half; right? >> the best thing that could happen, well, it could be better, but it's a good thing. ashley: concerned what it would do to the economy? >> i don't think there's going to be as much hand wringing. ii don't think we're going overa long cliff. i think that's the really big worry. for a short term thing, it happens for a couple weeks or month or so, but i think that you don't want to sell into the down. it's only recession if we linger, and i don't think that's a really big possibility. there's so much public sentiment about not wanting to linger, and hopefully washingto
the s&p500 up 15% going through the european crisis and the election. the market charged forward. corporations have cash and money. the pe ratio's 13.5 # times. there's plenty of opportunity in the market, and if you sell into the down market, from time to time, you don't know what happens and when. long term holding, allocation, and diversification. if you have cash on the sidelines and you are brave, great time to invest. ashley: there's bargains out there. if we fall over the cliff, we...
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Dec 27, 2012
12/12
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FBC
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now the stocks are back to where it was prior to the election. in my view, there's not much more major harm that the epa and other regulation can do to the coal industry. but certainly as the economy dictates demand, electricity generation and more confidence, that will be more important than say the epa. the epa has done their damage for the most part. you can never say never but i think most of the negative news is behind coal for the epa. ashley: what companies do you like in particular? >> we talked about the thermal coal for electricity generation and metallurgical coal for steel. on the latter we look at alpha natural resources which is the largest exporter of metallurgical coal out of the united states, mass the most export capacity. on the thermal side the two names to be looking at -- ashley: you like these prices? >> yeah, they have come down quite a bit and we do anticipate a recovery in pricing over the next 12, 18 months for the commodities. and on the thermal side, consol energy and arch coal which does benefit from higher natural g
now the stocks are back to where it was prior to the election. in my view, there's not much more major harm that the epa and other regulation can do to the coal industry. but certainly as the economy dictates demand, electricity generation and more confidence, that will be more important than say the epa. the epa has done their damage for the most part. you can never say never but i think most of the negative news is behind coal for the epa. ashley: what companies do you like in particular?...
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Dec 31, 2012
12/12
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most of the the seiders, our elected officials are in d.c. on this new year's eve with a heat lamp of the media and constituents on them right now. what will they do? we are joined right now. we kept grabbing people. representative, a democrat from california. thank you so much for joining us . we have less than nine hours to go. tell me, what do you think will happen? >> let's be hopeful. let's be hopeful that we did a good, balanced deal. the ceos of looking for a balanced deals. i think there is one to be had. we have to pick a number where we have adequate revenues, somewhere above 250,000. okay. as a number. then on the cut side, keep in mind that in the budget control act of this year we have already well over a trillion, nearly a trillion 3-$400 billion of cuts already to take place. this sequestration is in addition to that. there are serious cuts coming down. they have to be done wisely, and that is why sequestration is a problem because it is not a wise way to make cuts. liz: i know you well because i'm from california. of watch you
most of the the seiders, our elected officials are in d.c. on this new year's eve with a heat lamp of the media and constituents on them right now. what will they do? we are joined right now. we kept grabbing people. representative, a democrat from california. thank you so much for joining us . we have less than nine hours to go. tell me, what do you think will happen? >> let's be hopeful. let's be hopeful that we did a good, balanced deal. the ceos of looking for a balanced deals. i...